3VC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
3VC
Largest movements
- Receivables within one year -€17,214
down €17,214 (-40.0%), from €43,033 to €25,819
of which Trade receivables: -€18,237
- Current investments -€17,094
down €17,094 (-3.4%), from €499,744 to €482,650
- Cash +€7,828
up €7,828 (+7.9%), from €98,640 to €106,467
mainly Other debts (+€96,422) and Net result for the year (+€80,020)
- Deferred charges and accrued income -€6,860
no longer reported in 2025 (was €6,860)
- Reserves -€132,422
down €132,422 (-25.7%), from €516,129 to €383,707
of which Distributable reserves: -€132,422
- Other debts +€96,422
up €96,422 (+106%), from €90,641 to €187,063
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Tax, wage and social debts -€11,364
down €11,364 (-27.6%), from €41,214 to €29,850
- Financial income -€37,306
down €37,306 (-72.1%), from €51,752 to €14,447
- Gross operating margin -€6,614
down €6,614 (-6.2%), from €106,987 to €100,374
- Depreciation -€2,186
down €2,186 (-49.7%), from €4,399 to €2,213
- Taxes -€1,526
down €1,526 (-4.6%), from €33,387 to €31,861
- Financial charges -€1,385
down €1,385 (-95.0%), from €1,458 to €72
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,938 | €619,385 | -€35,554 | -5.4% |
| Fixed assets | 21/28 | €6,662 | €4,449 | -€2,213 | -33.2% |
| Tangible fixed assets | 22/27 | €6,662 | €4,449 | -€2,213 | -33.2% |
| Plant, machinery and equipment | 23 | €4,856 | €3,288 | -€1,568 | -32.3% |
| Furniture and vehicles | 24 | €1,806 | €1,161 | -€645 | -35.7% |
| Current assets | 29/58 | €648,277 | €614,936 | -€33,341 | -5.1% |
| Amounts receivable within one year | 40/41 | €43,033 | €25,819 | -€17,214 | -40.0% |
| Trade receivables | 40 | €43,033 | €24,797 | -€18,237 | -42.4% |
| Other amounts receivable | 41 | - | €1,022 | +€1,022 | |
| Current investments | 50/53 | €499,744 | €482,650 | -€17,094 | -3.4% |
| Cash at bank and in hand | 54/58 | €98,640 | €106,467 | +€7,828 | +7.9% |
| Deferred charges and accrued income | 490/1 | €6,860 | - | -€6,860 | |
| Total equity and liabilities | 10/49 | €654,938 | €619,385 | -€35,554 | -5.4% |
| Equity | 10/15 | €522,329 | €402,307 | -€120,022 | -23.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €516,129 | €383,707 | -€132,422 | -25.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €514,269 | €381,847 | -€132,422 | -25.7% |
| Amounts payable | 17/49 | €132,610 | €217,078 | +€84,468 | +63.7% |
| Amounts payable within one year | 42/48 | €132,610 | €217,078 | +€84,468 | +63.7% |
| Trade debts | 44 | €754 | €165 | -€589 | -78.2% |
| Suppliers | 440/4 | €754 | €165 | -€589 | -78.2% |
| Taxes, remuneration and social security | 45 | €41,214 | €29,850 | -€11,364 | -27.6% |
| Taxes | 450/3 | €41,214 | €29,850 | -€11,364 | -27.6% |
| Other amounts payable | 47/48 | €90,641 | €187,063 | +€96,422 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,399 | €2,213 | -€2,186 | -49.7% |
| Other operating charges | 640/8 | €636 | €654 | +€19 | +2.9% |
| Gross operating margin | 9900 | €106,987 | €100,374 | -€6,614 | -6.2% |
| Operating profit (loss) | 9901 | €101,953 | €97,506 | -€4,446 | -4.4% |
| Financial income | 75/76B | €51,752 | €14,447 | -€37,306 | -72.1% |
| Recurring financial income | 75 | €51,752 | €14,447 | -€37,306 | -72.1% |
| Financial charges | 65/66B | €1,458 | €72 | -€1,385 | -95.0% |
| Recurring financial charges | 65 | €1,458 | €72 | -€1,385 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €152,247 | €111,880 | -€40,367 | -26.5% |
| Income taxes | 67/77 | €33,387 | €31,861 | -€1,526 | -4.6% |
| Profit (loss) for the period | 9904 | €118,860 | €80,020 | -€38,841 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,860 | €80,020 | -€38,841 | -32.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.